The USDCHF pair ended yesterday with strong negativity to break 0.8605 and settles below it, to complete forming double top pattern that supports the chances of achieving more expected decline in the upcoming period, opening the way to achieve negative targets that start at 0.8465.
Therefore, the bearish bias will be expected for today supported by the negative pressure formed by the EMA50 unless breaching 0.8605 and holding above it.
The expected trading range for today is between 0.8480 support and 0.8640 resistance.
The expected trend for today: Bearish
Origin: Economies
